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Burcon JV Company, Merit Functional Foods, Receives Second Co-Investment from Protein Industries Canada
2021-05-28 / 20:00
The issuer is solely responsible for the content of this announcement.
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News Release
Burcon JV Company, Merit Functional Foods, Receives Second Co-Investment from Protein Industries Canada
Vancouver, British Columbia, May 28, 2021 - Burcon NutraScience Corporation ( Burcon or the Company ) (TSX: BU)
(NASDAQ: BRCN), a global technology leader in the development of clean-label, plant-based proteins for foods and
beverages, is pleased to share that its joint venture company, Merit Functional Foods Corporation ( Merit Foods )
received a second co-investment from Protein Industries Canada, which will see Merit Foods game-changing pea and
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Vancouver, British Columbia (Newsfile Corp. - May 28, 2021) - Burcon NutraScience Corporation (TSX: BU) (NASDAQ: BRCN) ( Burcon or the Company ), a global technology leader in the development of clean-label, plant-based proteins for foods and beverages, is pleased to share that its joint venture company, Merit Functional Foods Corporation ( Merit Foods ) received a second co-investment from Protein Industries Canada, which will see Merit Foods game-changing pea and canola protein ingredients utilized in new plant-based products.
The project will see Merit Functional Foods, TWC Nutrition, Daiya Foods and Grand River Foods partnering to develop new plant-based products which may include meat and dairy alternatives, ready-to-drink beverages, supplement powders and other plant-based applications for the global food and beverage market. Led by Merit Foods, this project has a total investment of $7.9 million with Protein Industries Canada providing half of the total investment into